Pakistan’s exports to the United States rose by 10.4% during the first eight months of the current fiscal year, driven largely by robust performance in textiles and garments, accoring to a report published on the state-run PTV World website. Overall exports to North America reached $4.2 billion in the July-February period of FY25, marking a 9.7% year-on-year increase. The surge was led by the textile sector, which accounted for approximately 94% of total exports to the U.S., underlining the industry’s continued importance to Pakistan’s trade balance. Officials credited the growth to government trade reforms and facilitation efforts by the Special Investment Facilitation Council (SIFC), which has sought to streamline investment and export processes. The uptick in exports is viewed as a welcome development for Pakistan’s foreign exchange position, which remains under pressure despite recent improvements in reserves. Analysts say the increase signals a gradual recovery in the country’s export sector, and reflects growing demand for Pakistani goods in key overseas markets. Further trade gains could depend on global economic conditions and continued structural improvements in export infrastructure, they added.
Exports to US climb 10.4pc in FY25’s first eight months
Published on: April 15, 2025 3:23 AM